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      <blockquote>
        <div class="ho_OverviewHeading"><a name="823670">Sales</a> Linked Accounts window</div>
        <div class="b_Body"><a name="812722">The </a>Sales Linked Accounts window enables you to review and change the linked accounts assigned to your sales. </div>
        <div class="b_Body"><a name="812723">These accounts are automatically linked when you create a new company file using the New Company File </a>Assistant. You may want to change the linked accounts to suit your business. </div>
        <div class="hp_ProcedureHeading" onclick="WebWorks_ToggleDIV(WebWorksRootPath, &quot;wwdd819985&quot;);">
          <span class="N_007eProcBullet"></span><a name="819985">Field Descriptions</a><script type="text/javascript" language="JavaScript1.2">WebWorks_WriteArrow(WebWorksRootPath, "wwdd819985", false);</script></div>
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        <div class="hps_ProcedureSubheading"><a name="812729">Asset Account for Tracking Receivables</a></div>
        <div class="b_Body"><a name="820008">Enter or select an asset account for tracking money that people owe you for sales. This account is referred to as </a>your <span style="font-style: italic;">linked receivables account</span>.</div>
        <div class="b_Body"><a name="845744">This linked account summarises all the money your customers owe you; it appears on your balance sheet and </a>other financial reports. The amounts your customers owe your business for purchases they’ve made on account are considered assets. This account is debited (increased) whenever you enter sales on account using the Sales window. This account is credited (decreased) whenever you enter payments from customers using the Receive Payments window.</div>
        <div class="btF_TipHeadingFirst">
          <span class="N_007eNoteCautionWarning">tip : </span><a name="845748">You can use the Company Data Auditor to compare the total of your customer invoices with the linked </a>receivables account balance.</div>
        <div class="btL_TipBodyLast"><a name="812733">&nbsp;</a></div>
        <div class="hps_ProcedureSubheading"><a name="849708">Bank Account for Customer Receipts</a></div>
        <div class="b_Body"><a name="812735">Enter or select an asset account for tracking the money you’ve received from people for sales, and from which </a>you write refund cheques to customers. This account is referred to as your <span style="font-style: italic;">receivables bank account</span>. </div>
        <div class="b_Body"><a name="845758">When you enter a payment from a customer, this account is debited (increased) by the amount of the </a>transaction, and your linked Asset Account for Tracking Receivables is credited (decreased).</div>
        <div class="b_Body"><a name="845762">The account you select here must be a bank or credit card account type.</a></div>
        <div class="hps_ProcedureSubheading"><a name="812737">I charge freight on </a>sales—Income Account for Freight</div>
        <div class="b_Body"><a name="842998">If you select the </a><span class="w_Widgets">I charge freight on </span><span class="w_Widgets">sales</span> option, the Income Account for Freight field appears. This field enables you to tracks income amounts you collect for freight, when you enter sales. This account is referred to as your <span style="font-style: italic;">freight collected account.</span></div>
        <div class="b_Body"><a name="845775">This account enables you to see how much of your gross sales amount is goods or services, and how much is </a>payment for shipping. This account appears on the Trial Balance, the Profit and Loss Statement and other reports.</div>
        <div class="b_Body"><a name="845819">If you don’t charge freight, you do not need to select an account in this field.</a></div>
        <div class="hps_ProcedureSubheading"><a name="812741">I track deposits collected from customers</a>—Liability Account for Customer Deposits</div>
        <div class="b_Body"><a name="812743">If you select the </a><span class="w_Widgets">I track deposits collected from customers</span> option, the Liability Account for Customer Deposits field appears. Enter a liability account for tracking deposit amounts you collect for sales orders. This account is referred to as your <span style="font-style: italic;">linked customer deposits account</span>.</div>
        <div class="b_Body"><a name="845808">The amount is considered a liability for your company until the sale actually is made, because all or a portion of </a>the deposit will have to be repaid to the customer if the sales isn’t finalised. This account appears on the Trial Balance, the Profit and Loss Statement and other reports.</div>
        <div class="b_Body"><a name="845809">If you don’t take deposits from your customers, you do not need to select an account in this field.</a></div>
        <div class="hps_ProcedureSubheading"><a name="845813">I give discounts for early payments</a>—Expense or Cost of Sales Account for Discounts</div>
        <div class="b_Body"><a name="812747">If you select the </a><span class="w_Widgets">I give discounts for early payments</span> option, the Expense or Cost of Sales Account for Discounts field appears. Enter or select an account for tracking discount amounts that you’ve provided to your customers for paying their bills early.</div>
        <div class="b_Body"><a name="818136">This account is referred to as your </a><span style="font-style: italic;">linked customer discounts account</span>.</div>
        <div class="b_Body"><a name="845826">When you enter payments using the Receive Payments window, the discount amount the customer is eligible </a>for appears by default and is tracked using the Expense or Cost of Sales Account for Discounts.</div>
        <div class="b_Body"><a name="845827">If you don’t offer early-payment discounts to your customers, you do not need to enter an account in this field.</a></div>
        <div class="hps_ProcedureSubheading"><a name="812749">I assess charges for late payment</a>—Income Account for Late Charges</div>
        <div class="b_Body"><a name="812751">If you select the </a><span class="w_Widgets">I assess charges for late payment</span> option, the Income Account for Late Charges field appears. Enter or select an income account that tracks finance charge amounts that you’ve collected from customers. </div>
        <div class="b_Body"><a name="818139">This account is referred to as your </a><span style="font-style: italic;">linked customer late charges account</span>.</div>
        <div class="b_Body"><a name="845857">This account is updated when you enter an amount in the Finance Charge field in the Receive Payments </a>window. </div>
        <div class="hps_ProcedureSubheading"><a name="812753">Terms </a></div>
        <div class="b_Body"><a name="812755">Click to open the Credit Terms window, where you can create a set of default credit terms and enter default </a>sales tax codes for all your customers.</div>
        <div class="b_Body"><a name="812756">The credit terms and tax codes you select will be automatically applied to every new customer record you add </a>to the Card File. If you want, you can change these details for an individual customer in the Selling Details view of the Card Information window.</div>
        <div class="hps_ProcedureSubheading"><a name="818187">OK </a></div>
        <div class="b_Body"><a name="818191">Click to save your changes and close this window.</a></div>
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        <div class="Sample_heading"><a href="50200c-03.htm#850050" name="818111">Tips for this window</a></div>
        <div class="href_ReferenceBlockHeading"><a name="849457">Related topics</a></div>
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                  <span style="color: Gray;">■</span>
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                <div class="bbi_BulletedIndented_inner"><span class="l_Link"><a href="companyfile.4.7.htm#1091721" name="850787">Enter account opening balances</a></span></div>
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                <div class="bbi_BulletedIndented_inner"><span class="l_Link"><a href="settingup.5.3.htm#1067053" name="850791">Set up sales</a></span></div>
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